� OpenAI extends funding round to $120B with new $10B raise

OpenAI is raising an additional $10B, bringing its total funding round to over $120B. The company was previously targeting $100B and was valued at $730B pre-money.

The new tranche includes investors like Andreessen Horowitz, TPG, and T. Rowe Price, with Microsoft also participating. Amazon had earlier committed $50B, while Nvidia and SoftBank each put in $30B.

OpenAI reported about $13.1B in revenue last year and around 900M weekly active users. Enterprise revenue is growing faster and is expected to reach about half of total revenue.

The company is preparing for a potential IPO and adjusting priorities around compute and profitability.

@venture